Mortgagor can Redeem Usufructuary Mortgage at any Point of Time: SC

Harminder Singh(D) Thr. Lrs. Vs Surjit Kaur(D) Thr. Lrs. (Supreme Court of India) Transfer of Property Act, 1882; Section 62 – Usufructuary Mortgage – Once a usufructuary mortgage is created, the mortgagor has a right to redeem the mortgage at any point of time on the principle that once a mortgage always a mortgage. FULL TEXT OF THE SUPREME COURT JUDGMENT/ORDER The plaintiff is in appeal before this Court against the Judgment and decree passed by the High Court in Second Appeal on 21.12.2007 whereby the mortgagor’s appeal was allowed holding that the mortgagor has a right to red...